DUBAI, Feb 8 (Reuters) - Egypt expects to raise around $3
billion via a three-tranche bond sale after it received more
than $9 billion in demand, a document from one of the banks on
the deal showed on Monday.
It tightened price guidance to 4.125% to 4.25% for a
five-year tranche, around 6.125% for 10-year bonds and around
7.75% for 40-year notes, the document showed. Demand skewed to
the longer tranches.
It had given initial price guidance of 4.25% to 4.375% for
the five-year tranche, around 6.25% for the 10-year bonds and
around 7.875% for the 40-year notes.
Citi, First Abu Dhabi Bank, Goldman Sachs
International, HSBC, JPMorgan and
Standard Chartered are arranging the deal, which is
expected to close later on Monday.
(Reporting by Yousef Saba, editing by Louise Heavens)